(1) The holder of a Class 1 authorisation shall provide the Bank, at such times, or within such periods, as the Bank specifies from time to time, with such information and returns concerning the relevant business carried on by the holder as the Bank specifies from time to time.

(2) The holder of a Class 1 authorisation shall, at such time or within such period as the Bank specifies, provide the Bank with such information or return (not being information or a return specified under subsection (3)) as it requests in writing concerning the relevant business carried on by the holder.

(3) The Bank may specify information or a return for the purposes of this section only if it considers it necessary to have that information or return for the proper performance of the functions imposed, or the proper exercise of the powers conferred, on it by law.

(4) A person shall not provide for the purpose of this section information or a return that the person knows to be false or misleading in a material respect.